Samuel Jenkins made two investments; the first was 13 months ago and the second was two months ago. He just sold both investments and has a capital gain of $4,000 on each, If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? See Capitol Gains table and Ioxable income rate table. If a person with a 24 percent tax bracket makes a deposit of $5,700 to a tax-deferred retirement account, what amount would be saved on current taxes? \begin{tabular}{|ccc|} \hline Capital Gain Tax Rate & Single & Married Filing Jointly \\ \hline 0% & Up to $38,600 & Up to $77,200 \\ \hline 15% & $38,600$425,800 & $77,200$479,000 \\ \hline 20% & Over $425,800 & Over $469,000 \\ \hline \end{tabular} \begin{tabular}{|lcrr|} \hline Rate on Taxable Income & Single Taxpayers & Married Tantpayers Filing Jointly & Head of Households \\ \hline 10% & Up to $9,525 & Up to $19,050 & Up to $13,600 \\ \hline 12 & $9,525$38,700 & $19,050$77,400 & $13,600$51,800 \\ \hline 22 & $38,700$82,500 & $77,400$165,000 & $51,800$82,500 \\ \hline 24 & $82,500$157,500 & $165,000$315,000 & $82,500$157,500 \\ \hline 33 & $157,500$200,000 & $315,000$400,000 & $157,500$200,000 \\ \hline 35 & $200,000$500,000 & $400,000$600,000 & $200,000$500,000 \\ \hline 37 & $500,000+ & $600,000+ & $500,000+ \\ \hline \end{tabular}